Bitcoin back above $100,000. What next? ...Middle East

The inability to extend and stay below that level gave buyers a reason to buy technically. The price started to extend higher.

In trading today, the price high initially found early sellers against the $100K level (the high reached $99,857). After rotating to $98.683, the buyers came in, pushed above $100,000 and the momentum higher increased.

The peak in bitcoin reached $108.364 in 2024 - a new all-time high for the digital index. That will ultmately be the target on a break above $103.647 if the price can stay above that level. There is interim resistance at $105,600

This article was written by Greg Michalowski at www.forexlive.com.

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